Nationgate Holdings Bhd (XKLS:0270) Receivables Turnover : 1.34 (As of Mar. 2024)

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What is Nationgate Holdings Bhd Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Nationgate Holdings Bhd's Revenue for the three months ended in Mar. 2024 was RM207.0 Mil. Nationgate Holdings Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM154.7 Mil. Hence, Nationgate Holdings Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.34.

Nationgate Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Nationgate Holdings Bhd's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nationgate Holdings Bhd Receivables Turnover Chart

Nationgate Holdings Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.22

4.55

4.84

4.87

3.60

Nationgate Holdings Bhd Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							0.78	0.85	1.03	1.15	1.34

Competitive Comparison of Nationgate Holdings Bhd's Receivables Turnover

For the Electronic Components subindustry, Nationgate Holdings Bhd's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nationgate Holdings Bhd's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nationgate Holdings Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nationgate Holdings Bhd's Receivables Turnover falls into.

Nationgate Holdings Bhd Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Nationgate Holdings Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	638.296	/ (	(221.571	+	132.688)	/	2 )
=	638.296	/	177.1295
=	3.60

Nationgate Holdings Bhd's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	207.009	/ (	(132.688	+	176.704)	/	2 )
=	207.009	/	154.696
=	1.34

Nationgate Holdings Bhd (XKLS:0270) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Nationgate Holdings Bhd Receivables Turnover Related Terms

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Nationgate Holdings Bhd (XKLS:0270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nationgate Holdings Bhd (XKLS:0270) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2005, Tingkat Perusahaan Satu, Kawasan Perindustrian Prai, Pulau Pinang, Perai, PNG, MYS, 13600

Website

http://www.nationgate.com.my

Nationgate Holdings Bhd is engaged in the assembling and testing of electronic components and products to produce completed PCBs, semi-finished sub-assemblies, and fullyassembled electronic products as well as semiconductor devices.

Nationgate Holdings Bhd (XKLS:0270) Headlines

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